The state's refusal to engage with bondholders risks keeping Lebanon out of the funding markets, draining its remaining reserves as creditors seek redress
High inflation and low productivity are but two of the concerns being voiced by Iranian media outlets about the state of the country's economy, as it enters a new year.
The depth of anger at the government is back on show after a stop to fuel subsidies sparked fresh protests. This comes amid an ongoing economic crisis that has no end in sight.
Circular 165 is, at first glance, a technical note on procedure from the embattled central bank. But its proposals to attract dollars will have immediate and far-reaching consequences.
The Lebanese parliament failed to elect a new head of state on Thursday to replace President Michel Aoun when his term ends on Oct. 31, signalling the likelihood of the post being left vacant as the…
Two years ago, I predicted in Foreign Affairs that the COVID-19 recession, coming on top of the financial crisis of 2008, would lead rich democracies to redefine the outer limits of their monetary…
There were dire predictions over the impact of sanctions and yet growth has increased, thanks to military spending. But there are deeper doubts over whether it can last and what lies ahead.
As NATO allies, US-Turkey relations should be good, but after Turkey asked to join South Africa's genocide case in the ICJ against Israel, scheduling is suddenly tight.
The Captagon trade has generated billions of dollars for the al-Assad regime, but Biden has hesitated to wield sanctions effectively. The Captagon 2 Act has more teeth, but will he use it?